The Role of Credit Rating Agencies in Responsible Finance

Research output: Book/ReportBook

Abstract

This book aims to examine the bourgeoning relationship between the Principles for Responsible Investment and the Credit Rating Industry. Since May of 2016, when the partnership was initially publicised, the PRI have endeavoured to incorporate Credit Rating Agencies into its initiative via its ‘ESG in Credit Ratings Initiative’, and have been working diligently to find, and create common ground between Credit Rating Agencies and Institutional Investors seeking to be more forward-looking in their investment approaches. However, in recent years the ‘Big Two’ Credit Rating Agencies – Standard & Poor’s and Moody’s – have finally received record fines for their conduct in the run-up to the Financial Crisis. There is a need, then, to examine the incorporation of the Credit Rating Agencies into such a progressive initiative. To achieve this objective, this book will examine the field of ‘responsible investing’, the credit rating industry, and the power dynamic that exists between the rating industry, investors, and the PRI (via its ‘Initiative’).
Original languageEnglish
PublisherPalgrave Macmillan
Number of pages127
ISBN (Electronic)978-3-030-03709-3
ISBN (Print)978-3-030-03708-6
DOIs
Publication statusPublished - 4 Jan 2019

Fingerprint

Credit rating agencies
Finance
Industry
Credit rating
Investing
Financial crisis
Responsible investment
Rating
Institutional investors
Investors

Cite this

@book{5373fd968e1842819c24915feefbb883,
title = "The Role of Credit Rating Agencies in Responsible Finance",
abstract = "This book aims to examine the bourgeoning relationship between the Principles for Responsible Investment and the Credit Rating Industry. Since May of 2016, when the partnership was initially publicised, the PRI have endeavoured to incorporate Credit Rating Agencies into its initiative via its ‘ESG in Credit Ratings Initiative’, and have been working diligently to find, and create common ground between Credit Rating Agencies and Institutional Investors seeking to be more forward-looking in their investment approaches. However, in recent years the ‘Big Two’ Credit Rating Agencies – Standard & Poor’s and Moody’s – have finally received record fines for their conduct in the run-up to the Financial Crisis. There is a need, then, to examine the incorporation of the Credit Rating Agencies into such a progressive initiative. To achieve this objective, this book will examine the field of ‘responsible investing’, the credit rating industry, and the power dynamic that exists between the rating industry, investors, and the PRI (via its ‘Initiative’).",
author = "Daniel Cash",
year = "2019",
month = "1",
day = "4",
doi = "10.1007/978-3-030-03709-3",
language = "English",
isbn = "978-3-030-03708-6",
publisher = "Palgrave Macmillan",

}

The Role of Credit Rating Agencies in Responsible Finance. / Cash, Daniel.

Palgrave Macmillan, 2019. 127 p.

Research output: Book/ReportBook

TY - BOOK

T1 - The Role of Credit Rating Agencies in Responsible Finance

AU - Cash, Daniel

PY - 2019/1/4

Y1 - 2019/1/4

N2 - This book aims to examine the bourgeoning relationship between the Principles for Responsible Investment and the Credit Rating Industry. Since May of 2016, when the partnership was initially publicised, the PRI have endeavoured to incorporate Credit Rating Agencies into its initiative via its ‘ESG in Credit Ratings Initiative’, and have been working diligently to find, and create common ground between Credit Rating Agencies and Institutional Investors seeking to be more forward-looking in their investment approaches. However, in recent years the ‘Big Two’ Credit Rating Agencies – Standard & Poor’s and Moody’s – have finally received record fines for their conduct in the run-up to the Financial Crisis. There is a need, then, to examine the incorporation of the Credit Rating Agencies into such a progressive initiative. To achieve this objective, this book will examine the field of ‘responsible investing’, the credit rating industry, and the power dynamic that exists between the rating industry, investors, and the PRI (via its ‘Initiative’).

AB - This book aims to examine the bourgeoning relationship between the Principles for Responsible Investment and the Credit Rating Industry. Since May of 2016, when the partnership was initially publicised, the PRI have endeavoured to incorporate Credit Rating Agencies into its initiative via its ‘ESG in Credit Ratings Initiative’, and have been working diligently to find, and create common ground between Credit Rating Agencies and Institutional Investors seeking to be more forward-looking in their investment approaches. However, in recent years the ‘Big Two’ Credit Rating Agencies – Standard & Poor’s and Moody’s – have finally received record fines for their conduct in the run-up to the Financial Crisis. There is a need, then, to examine the incorporation of the Credit Rating Agencies into such a progressive initiative. To achieve this objective, this book will examine the field of ‘responsible investing’, the credit rating industry, and the power dynamic that exists between the rating industry, investors, and the PRI (via its ‘Initiative’).

UR - https://www.palgrave.com/de/book/9783030037086

U2 - 10.1007/978-3-030-03709-3

DO - 10.1007/978-3-030-03709-3

M3 - Book

SN - 978-3-030-03708-6

BT - The Role of Credit Rating Agencies in Responsible Finance

PB - Palgrave Macmillan

ER -